Building Details

Year Built 2020

Tenancy Single

Listing Agency: Chinowth & Cohen

Listed By: Ronda Bender · License #184787 Show Phone

Source: Crexi

Added: Oct 10, 2024 Changed: Sep 11 Last Checked: Oct 5 at 4:21PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chinowth & Cohen

Investment Insights

Based on property information with market context.

This well-maintained industrial property, constructed in 2019, is situated on a 4-acre lot. The 9,000 square foot building features 15 rooms suitable for office, storage, or light manufacturing purposes. The property includes one large roll-up door for convenient loading access. Climate control is facilitated by six HVAC units. The site offers ample room for expansion and customization to suit various operational needs. Additional acreage is available.

Key Highlights

• Spacious 4‑acre lot with ample room to build and expand
• 9,000 square foot building with 15 versatile rooms suitable for various uses**
• One large roll‑up door for convenient loading access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,536

Cap Rate

7.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$930,720 $930.7K

Cap Rate 7%

$664,800 $664.8K

Cap Rate 9%

$517,067 $517.1K

Market Conditions

NOI Build-Up for 9,000 SF

Gross rent

$75.6K $8.40/SF

− Vacancy

−$4.0K −$0.45/SF

EGI

$71.6K $7.95/SF

− OpEx

−$25.1K −$2.78/SF

NOI

$46.5K $5.17/SF

Area

Creek County, OK

Vacancy

5.30%

Lease Rate

$8.40 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$930,720

Cap Rate 7%

$664,800

Cap Rate 9%

$517,067

Alternative Uses

Best Use

Flex RnD

$664.8K

$581.7K – $775.6K (±1% cap)

NOI $46,536 @ 7.0% cap · market cap 7.45%

Second Best

Industrial

$618.1K

$540.8K – $721.1K (±1% cap)

NOI $43,266 @ 7.0% cap · market cap 6.92%

Theoretical Best

Office A

$2.21M

$1.94M – $2.58M (±1% cap)

NOI $154,924 @ 7.0% cap · market cap 24.79%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 74010, OK

10,449

Population

4,607

Households

2.3

Avg Household Size

41

Median Age

14%

College-Educated

90%

High-School Grad

322.8 sq mi

ZIP Area

32

Density / Sq Mi

$54,905

Median Household Income

$39,556

Median Earnings

$690

Median Rent

$172,600

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - 9,000 SF industrial building on 4 acres for sale.

Where is this flex space located?

The property is located at 12670 State Hwy 48 Bristow, OK.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: Spacious 4‑acre lot with ample room to build and expand; 9,000 square foot building with 15 versatile rooms suitable for various uses**; One large roll‑up door for convenient loading access